Accounting question and answers for December 12, 2023
- Q PLEASE HELP ASAP WILL RATE! Dunbar Company had 700,000 shares of common stock outstanding during the year 2018. In addition, at December 31, 2018, 90,000 shares were issuable upon exercise...
- Q Dale Corporation began fiscal year 2014 with the following balances in its inventory accounts. ...
- Q Please prepare a research project for the topic A review of derivatives research in accounting and suggestions for future work. The research of the topic must be minimum three pages...
- Q A company is concerned about its operating performance as summarized below: Sales (P 12.50 pe unit) P 300 000 Variable Cost 180 000 Net Operating Loss (40 000) How many...
- Q Victor Industries initiated the process of setting standards for the forthcoming period. One of their products, V50, needs 10 Kg of material A and 6 Kg of material B, at...
- Q Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INC....
- Q Picasso Paints Pty Ltd Picasso Paints is a family owned and operated paint manufacturer specialising in water and solvent- based paints. The business originally began operating in 1976. The founder,...
- Q Process 2 receives input from Process 1 and transfers to Process 3 after processing. During June 2021, units in opening work in process of Process 2 are 750, units received...
- Q El inters acumulado sobre $8,000 al 5% durante 90 das es: (Usar los 360 das del ao).
- Q Benjamin Sports Camp Inc. provides the following data: 2015 2014 Assets Current Assets: Cash and Cash Equivalents $29,000 $25,000 Accounts Receivable, Net 31,000 62,000 Merchandise Inventory 53,000 50,000 Total Current...
- Q On December 31 Spearmint, Incorporated, issued $450,000 of 9 percent, 3-year bonds for cash of $461,795.
- Q Explain the Receipts & payment? Draw the format with example? What is the difference of both the statement?
- Q Daniel owns a piece of land held for investment purposes. He exchanges the land locked parcel fora waterfront property, still held for investment purposes. The land-locked parcel has a market...
- Q Who are the stakeholders with whom a business should consult and what is the value of consultation and the involvement of stakeholders? 150180 words Please Follow Instructions And Do Not...
- Q illustrate the reactions when a risk occurs in a risk response model, aligning frequency of occurrence to amount of damage or loss
- Q 16/ A company's sales in Year 1 were $440,000 and in Year 2 were $477,500. Using Year 1 as the base year, the percent change for Year 2 compared to...
- Q what does capex of 283 mean in accounting
- Q Ten years ago, Cary Company issued $1,500,000 of 7 percent, 10-year bonds at a price of 95. On the maturity date of January 2, after making the final interest payment...
- Q 1- Georgia agrees to lend money to Matt at a special interest rate of 11.7% per year, on the condition that he borrow enough that he would pay her $650...
- Q What is the purpose of corporate governance mechanisms and what are the crucial components of corporate governance principles? 120150 words Pleas Follow The Instructions And Do Not Copy And Paste...
- Q On 30 June, George Ltd estimated that $10,000 of its receivables were likely to be uncollectable given the debtor was in serious financial difficulty. The company recorded this amount as...
- Q Fogerty Company makes two productstitanium Hubs and Sprockets. Data regarding the two products follow: Direct Labor-Hours per Unit Annual Production ...
- Q Why is adherence to ATO reporting deadlines important? 120150 words Please Follow Instructions And Do Not Copy And Paste From Another Source.
- Q Leach Inc. experienced the following events for the first two years of its operations: 2016: 1. Issued $10,000 of common stock for cash. 2. Provided $78,000 of services on account....
- Q Patterson's Department Store prepares monthly income statements by sales departments. These income statements are organized to show contribution margin, performance margin, and responsibility margin for each sales department, as well...
- Q Ashburn reported a $104,850 net 1231 gain in year 6. Assuming Ashburn reported $52,000 of nonrecaptured 1231 losses during years 1-5, what amount of Ashburn's net 1231 gain for year...
- Q Madrid Industries purchased supplies for 1,200 USD. they paid 500 USD in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would...
- Q Beech Corporation, an accrual basis calendar year taxpayer, was organized and began business in June 1st of the current calendar tax year. During the current year, the corporation incurred the...
- Q Lewis Companys standard labor cost of producing one unit of Product DD is 3.1 hours at the rate of $12.5 per hour. During August, 42,000 hours of labor are incurred...
- Q Breathe-a-Buzz makes a product that vaporizes alcohol so that it may be inhaled rather than drank. the product is sold to retail stored for $200 less chained discounts of 20%...
- Q Portfolio - $1 billion Beta: 2.0 Forward Contract : $1 billion, todays index (spot) price is 100, forward contract price 1 year from now is 95. Swap: $1 billion, you...
- Q Company XYZ switched from LIFO inventory to FIFO during the year. The pretax income data under each method is the following: FIFO: $210,000 in 2020; $135,000 in 2019; $142,500...
- Q 3. Sally took a loan of 18000 Rial from S.R Finance to purchase a TV set. If the company charges Simple interest at 9% during the first 2 years, and...
- Q What are the variable and fixed costs of running a Food truck?
- Q Janet and Paul are discussing the W-4 employee's withholding certificate that they need to complete for their new jobs. Janet decides she wants to have an additional $50 withheld from...
- Q A Garner Company le cuesta $12 de costos variables y $5 de costos fijos producir una bscula de bao que normalmente se vende a $35. Un mayorista extranjero ofrece comprar...
- Q How do I answer this auditing question: Describe how would you perform the following planning activities and give reasons as to why you would carry out the procedures mentioned to:...
- Q June 1: Byte of Accounting, Inc. received $31,810.60 in cash and computer equipment with a fair market value of $47,115.70 when Jeremy purchased 2,630 shares of its common stock. The...
- Q Income earned from foreign sources by a Canadian corporation is ________. Choose the correct answer. A. treated as property income B. treated as business or property...
- Q Winkle Company incurred R&D costs in 2022 as follows: Equipment acquired in multiple R&D projects $ 1,500,000 Depreciation on the equipment 250,000 Materials used 325,000 Wages and salaries of the...
- Q Perform research to find a recent or historic fraud case. Identify how each element of the fraud triangle was present in the fraud. In addition, discuss internal controls that could...
- Q At 1 September 20X1 the balance on Hais capital account was R31 754. In the year to 31 August 20X2 he invested an additional amount of R40 000 of personal...
- Q Part a. Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ...
- Q Mickey Mouse purchased a machine for $ 260,000 from Donald Duck on January 3, 2022. It made the following estimates: Service life 5 years or 20,000 hours Production 300,000 units...
- Q We have a contracted engineer with no fringe benefits. His contract is $ 10,000 a month. During one year 340,000 units were produced. Under what category of expense is it...
- Q Identify which of the following statements is correct? a. The amount of audit fees remaining unpaid may be referred to as a Provision b. When an...
- Q The interest due at maturity on a $489.52, 8% note, dated May 28 and due August 2 is ____.
- Q 1. Which of the following is a period cost? a.depreciation on factory lunchroom furniture b.salary of telephone receptionist in the sales office c.salary of a security guard for the factory...
- Q indirect material costs are considered as: a-direct labor. b-direct materials. c- fixed overhead. d- none of the above
- Q Happiny Company manufactures and sells a single product. For the production of 30,000 units, total variable costs amounted to 337,500 and total fixed costs amounted to 450,000. The...
- Q Usar una factura de venta como base para registrar una venta de mercancas es un ejemplo de qu principio o concepto contable usa para registrar transacciones? a. Principio de reconocimiento...
- Q Total gross sales for the period include the following: Credit card sales (discount 3%) $9,400 Sales on account (2/15, n/60) $12,000 Sales returns related...
- Q 20. A factory provides you information about overheads for given period. Budgeted output 25,000 units, budgeted hours 4,000, budgeted fixed overhead OMR 10,000 and budgeted variable overhead OMR 6,000. Actual...
- Q Why is it necessary to make consolidation adjustments for intragroup transactions? In making consolidation worksheet adjustments, sometimes tax-effect entries are made, why? Give an example about the tax-effect of...
- Q As pointed out in the case, the SEC does not require companies to have their quarterly financial statements audited. What responsibilities do audit firms have with regard to the quarterly...
- Q Your client, Barney Green, and his wife, Edith, attended a two-day conference in Maui related to Barry's work in architecture as a sole proprietor. The Greens went to Hawaii several...
- Q 10. The account debited when writing off an account using the direct write-off method is 11. A note receivable that is not paid at maturity is said to be 12....
- Q When a corporation that is not a financial institution holds bonds of another company that were issued at a discount, interest is recognized ________. Choose the correct answer. ...
- Q 6) Your are going to be the new senior auditor of a pharmasutical with 3 successful drugs what may cause an inherent risks and why? give an example of when...
- Q During 2020, Ms. Blacks employer provides her with a company-owned automobile for 11 months of the year. It cost $31,433, including applicable HST. She drives it a total of 40,712...
- Q When Custom Masks Inc. was organized in January 1, Year 1. It immediately issued 20,000 shares of $100 par, 5% cumulative preferred stock and 80,000 shares of $15 par common...
- Q On January 1, Valuation Allowance for Trading Investments had a zero balance. On December 31, the cost of the trading securities portfolio was $66,800, and the fair value was $68,000....
- Q When preparing the operating section of the statement of cash flows using the direct method, which of the following statements is true? Group of answer choices An increase in accounts...
- Q Who are the stakeholders with whom a business should consult and what is the value of consultation and the involvement of stakeholders? 150180 words Please follow Instructions And Do Not...
- Q The overhead absorption rate for a period is predetermined as OMR 2.25 per hour. Expected hours for the period was 2,500 while the actual hours used were 2,400 hours. Determine...
- Q Suppose that in addition to common stock outstanding, Sherbert, Corp. also had outstanding, 15 million shares of 10% $9 par value preferred stock. Also suppose that Sherbert declared $40M in...
- Q Chan Corporation compr los activos netos (se asumieron los pasivos existentes) de Tonta Company por $ 900,000 en efectivo. El balance de la Compaa Tonta a la fecha de adquisicin...
- Q enumere cinco ejemplos de sentimientos que probablemente describan brindar ayuda
- Q Kiwi Painting Company engages in a number of foreign currency transactions in euros (). For each of the following independent transactions, determine the dollar amount to be reported in the...
- Q Beckham Company issued 1,000 shares of 6%, $100 par cumulative preferred stock on January 1, 2019. No dividends have been paid on this stock for 2019 or 2020. Dividends in...
- Q A company manufactures product A which yields two by-products X and Y. Joint cost incurred is OMR 40,000, of which, X and Y are accountable for OMR 15,000. Further processing...
- Q What is the purpose of the statement of cash flows? Identify at least two questions that this statement can answer. What are some investing and financing activities reported on the...
- Q A piece of equipment was originally purchased 5 years ago for $400,000 and is now being sold for $320,000. Yearly depreciation of $30,000 has been recorded. Based on a gain...
- Q An investor purchased 800 shares of Dmore Inc. stock at a price of $18.45 a share one year ago. The stock pays an annual dividend of $1.04 per share. Today,...
- Q Company XYZ had the following transactions during the year: Increase in accounts receivable Purchased equipment Sold land Depreciation of truck Increase in accounts payable Decrease in notes payable Issuance...
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